Looking Into SouthState's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SouthState's short interest has decreased by 10.27%, with 3.01 million shares sold short, representing 5.24% of the float. This is higher than the peer average of 3.32%. It would take 5.1 days to cover these positions based on trading volume.
October 25, 2024 | 1:00 pm
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SouthState's short interest has decreased by 10.27%, with 3.01 million shares sold short, representing 5.24% of the float. This is higher than the peer average of 3.32%. It would take 5.1 days to cover these positions based on trading volume.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. However, the short interest is still higher than the peer average, indicating some bearish sentiment remains. The time to cover is moderate, suggesting no immediate pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100